SunTrust Banks (STI) Prices 35.25M Common Offering at $29.50/Share
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SunTrust Banks, Inc. (NYSE: STI) has priced a 35.25 million common stock offering at $29.50 per share.
Goldman, Sachs & Co., Morgan Stanley and SunTrust Robinson Humphrey are acting as joint book-running managers of the common stock offering.
The price is a 0.3% discount to Friday's closing price of $29.59.
Gross proceeds of about $1.04 billion are expected.
Goldman, Sachs & Co., Morgan Stanley and SunTrust Robinson Humphrey are acting as joint book-running managers of the common stock offering.
The price is a 0.3% discount to Friday's closing price of $29.59.
Gross proceeds of about $1.04 billion are expected.
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